About Idoneus
Hear from our CEO, Jarrett Preston, about why Idoneus exists and how it is building a global, borderless economy of luxury where value is exchanged securely, compliantly and without barriers.
“At Idoneus, we began with a very simple but challenging mission: To assist HNWIs, Family Offices, and Private Institutions to trade value more efficiently, more securely and more quickly, while ensuring such value exchange is completed in a highly compliant and regulated manner. A simple mission in concept but highly complex in execution as we simultaneously experience heightened levels of inflation across every major fiat currency, skyrocketing prices of assets, goods and services and ever-increasing unrest around the world. For many years the marketplace has been calling for a solution to an antiquated system which has left some of the world’s most successful individuals, families and companies with unrealized value across nearly every asset class in every nation.”
Idoneus Economy
Idoneus has built a closed-loop economy, dedicated to creating exceptional value for exceptional people. At the heart of the Idoneus Luxury Economy is the ability to “Use an Asset to Buy an Asset”, directly, without the need to convert to cash, irrespective of the physical complexities and variability across each asset type. The Idoneus Economy removes the risks and complexities from the current market and consists of four main components to achieve this:
- IDON: a digital payment token that enables the transfer of value. All transactions in the Idoneus closed-loop ecosystem are carried out on the basis of 100% IDON.
- Platform: underpinned by a state-of-the-art technologies, to enable fast, secure, contact-free payment for luxury assets, goods and services.
- Luxury Assets, Goods & Services: the high-value luxury items traded in the Idoneus Economy on the Idoneus Platform, with IDON.
- Members/Users: the validated and verified clients who participate within the Idoneus Economy.
Our Team
Idoneus is a business that has been created by a team of industry-leading professionals with a long history of pioneering services in the luxury asset trading industry, representing over a century of experience and who have facilitated high-value asset exchanges and acquisitions on five continents.
Our Token
IDON is a digital payment token (a.k.a. cryptocurrency) and the enabler of the Idoneus Economy. It is used to buy, sell, rent and otherwise experience luxury assets, goods and services available on the Idoneus Platform, as well as from any individual or company that accepts IDON as a means of payment.
- Speed of Transactions compared to traditional fiat transactions.
- Lower Transaction Costs compared to traditional fiat transactions fees and foreign exchange charges.
- No Cash Liquidity Required to purchase assets, goods and services.
- Protection against Volatility and Inflation associated with publicly exchanged cryptocurrencies and fiat cash.
Our Technology
Idoneus’ platform utilizes blockchain, smart contracts, a native digital currency, cloud computing and state-of-the-art web & mobile application technology. This technology stack underpins the luxury marketplace with some of the world’s finest high-value assets that accepts cryptocurrencies, assets, goods and services as method of payment, providing near-instant liquidity and instant utility.
- Security & Privacy: Ensuring the security of the platform and for its users, and the privacy of the asset and user data, are critical priorities at Idoneus.
- Blockchain Technology: Blockchain-based applications are changing the way buyers, sellers and investors interact with each other and the assets they have interests in. Idoneus is leveraging the benefits provided by the Ethereum Blockchain.
- Smart Contracts: Lines of code that are stored on a blockchain which automatically execute when predetermined terms and conditions are met.
- Native Digital Currency, IDON: A currency that only exists digitally. It uses a decentralized system (Ethereum Blockchain) to record transactions and manage the distribution of units, and it relies on cryptography to prevent counterfeiting and fraudulent transactions.
The Trust We Provide
The closed-loop Idoneus Economy thrives on trust between all involved parties and in the platform that is used, in order to satisfy the needs of the exceptional people we serve.
- Idoneus is a Virtual Asset Service Provider (VASP), registered in Switzerland and subject to Swiss regulations and audits.
- Swiss-level KYC/AML/CFT compliant protocols have been implemented and are enforced.
- Access, tokens and transactions available only to qualified and verified clients and partners.
- Utilizing certified technology to provide enhanced security, data privacy, data protection and safety of funds.
- Clearly defined governance principles for the token pricing algorithm, token issuance and the Idoneus Economy overall.
